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Home Income Tax CBDT further extended timelines in wake of increasing COVID cases

CBDT further extended timelines in wake of increasing COVID cases

CBDT further extended the timeline to issue an order, notice, and intimation

Central Board of Direct Taxes (CBDT) on 24th April 2021 has issued a press release whereby the Government has extended certain timelines in light of the tremendous increase in the COVID-19 cases in India.

The government of India has recently extended the various statutory timelines to 30th April 2021 through various notifications and under the Direct Tax Vivad se Vishwas Act 2020, due to an increase in COVID cases across the country and on the requests received from the tax consultants, taxpayers, and other stakeholders.

Today the Government has further extended certain timelines considering the massive increase in COVID cases throughout the country.

ParticularsPreviously Extended Due DateNew Extended Due Date
Time limit for passing of any order for assessment or reassessment under the Income-tax Act, 1961(hereinafter called ‘the Act’ ) the time limit for which is provided under section 153 or section 153B thereof30th April 202130th June 2021
Time limit for passing an order consequent to direction of DRP under subsection (13) of section 144C of the Act30th April 202130th June 2021
Time limit for issuance of notice under section 148 of the Act for reopening the assessment where income has escaped assessment30th April 202130th June 2021
Time Limit for sending intimation of processing of Equalisation Levy under sub-section (1) of section 168 of the Finance Act 201630th April 202130th June 2021

Further, the time for making the payment under the Direct Tax Vivad se Vishwas Act 2020 without an additional amount shall be further extended to 30th June 2021.

All about ITR-1 offline utility AY 2021-22

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